Bank Of India

Saturday, Apr 20, 2024 | Last Update : 11:35 AM IST

A host of public sector banks that declared their second-quarter results on Friday reported higher profits on improved asset quality and operational metrics as fresh slippages were lower in the absence of lumpy corporate non-performing assets.

Mid sized banks report higher Q2 net profit as asset quality improves

Fresh slippages were lower in the absence of lumpy corporate non-performing assets

07 Nov 2020 10:54 AM

Total income of the bank rose to Rs 11,985.50 crore during the second quarter, from Rs 10,800.24 crore.

Bank of India post Rs 266 crore profit in Q2

The bank had posted a loss of Rs 1,156.25 crore in the July-September quarter last fiscal.

01 Nov 2019 1:48 PM

Banks including Bank of India, Oriental Bank of Commerce and Bank of Maharashtra, have reduced lending rates by up to 25 basis points. (Representational image)

6 public sector banks cut lending rates by up to 0.25 per cent

With the reduction in their respective benchmark lending rates, home, auto and other loans have become cheaper.

10 Oct 2019 7:03 PM

In absolute terms, the bank's gross NPAs stood at Rs 62,068.40 crore by end of June quarter this fiscal, as against Rs 60,604.46 crore as on June 30.

Bank of India net jumps two-fold to Rs 243 cr in Q1; net NPAs down at 6 pc

Total income of the bank rose to Rs 11,526.95 crore during the quarter, as against Rs 10,631.02 crore.

30 Jul 2019 2:12 PM

Firemen at the BOI branch in Churchgate. (Photo: ANI)

Files destroyed as fire breaks out at Bank of India’s branch

The cause of the fire is being investigated but prima facie the fire seems to have erupted due to a short circuit.

21 Jun 2019 4:16 AM

The bank had reported a net loss of Rs 3,969 crore in the same quarter of the previous year.

Bank of India post Rs 252 crore profit in Q4

Total income in three months to March grew to Rs 12,417.08 crore, as against Rs 9,596.86 crore.

16 May 2019 2:47 PM

The court also sentenced one Yunus Memon to three years of imprisonment. (Representational Image)

Six get lifer for bank loan fraud of Rs 2.5 crore

Accused had availed various credit facilities from Bank of India.

27 Apr 2019 1:47 AM

At the floor price, the share sale would fetch over Rs 1,106 crore to the lender. (Photo: Pixabay)

Bank of India to sell 25 per cent in Star Union Dai-ichi

The Reserve Bank of India had removed BoI from its prompt corrective action (PCA) framework in January, easing some restrictions on lending.

06 Apr 2019 1:43 AM

Bank of India has a 28.96 per cent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 per cent and 45.94 per cent, respectively.

Bank of India looks to divest insurance JV stake worth about USD 160 mn

Bank of India is looking to sell 64.9 mn shares, or 25.02 pc stake, in Star Union Dai-ichi Life Insurance Co Ltd.

05 Apr 2019 1:53 PM

The bank is expects a write back of around Rs 1,800 crore from the Essar Steel account.

BoI to raise Rs 400-500 cr from non-core asset sale this month

The bank had also earlier planned to raise around Rs 800 crore by selling stake in STCI Finance and Sidbi.

14 Mar 2019 3:14 PM

The shares are issued with a lock-in period of one year, BoI said in a statement. (Representational Image)

Bank of India raises Rs 660 cr by selling shares to employees

The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees, BoI said in a statement.

12 Mar 2019 3:07 PM

State-run Bank of India on Thursday said it has increased its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for overnight and one month tenure, effective October 10. (Photo: PTI)

Bank of India raises MCLR rates by 0.05 pc on two tenures

Punjab National Bank also increased its benchmark lending rates or MCLR last week.

11 Oct 2018 5:17 PM

State-run Bank of India (BoI) on Friday invited bids for sale of its stake in three associate companies namely STCI Finance, SIDBI and Equifax Credit Information Services. (Photo: PTI)

Bank of India invites bids for stake sale in 3 associate companies

BoI said it was looking to raise nearly Rs 1,000 crore through stake sale.

21 Sep 2018 2:16 PM

State-run Bank of India is looking to raise nearly Rs 1,000 crore through selling stake in some of its non-core assets and real estate properties.

BoI looks to raise Rs 1,000 crore from sale of non-core assets, real estate

The bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company - STCI Finance - and in Sidbi.

16 Sep 2018 12:55 PM

The Reserve Bank of India has imposed a monetary penalty of Rs 1 crore each on the Union Bank of India, Bank of India and Bank of Maharashtra for failing to detect and report fraud in certain accounts on time.

3 banks fined by Reserve Bank of India for delay in fraud detection

The RBI, in three separate releases, said it has imposed a penalty of Rs 1 crore each on three state-run banks.

09 Sep 2018 2:40 PM

PSU banks should have the same level of operational freedom as being enjoyed by private sector lenders in order to help them resolve their issues including bad loans, Bank of India non-executive chairman G Padmanabhan said on Friday.

PSBs should have operational freedom like private players: official

There are limitations with respect to ownerships in public sector banks but those issues can be easily resolved.

24 Aug 2018 5:10 PM

Bank of India stock was trading 6.29 per cent down at Rs 96.90 on BSE.

Bank of India Q1 profit up 8 per cent to Rs 95 crore

The bank had registered net profit of Rs 87.71 crore in the April-June period of 2017-18.

31 Jul 2018 2:49 PM

Among the prominent ones is the over Rs 13,000-crore fraud in the PNB allegedly committed by jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems. (Photo: File)

CBI hunts for banking, tax experts from ministries to probe PNB scam, other frauds

'It may be noted that officers coming on deputation are entitled for special security allowance at 20 per cent on the pay,' CBI said.

08 Jul 2018 2:00 PM

Two bank officials held over loan fraud

The promoters of the company were arrested in April this year.

07 Jul 2018 1:30 AM

Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 per cent for various tenors.

Bank of India hikes lending rate based on MCLR by 0.10 per cent

The bank has increased MCLR rates by 10 bps for various tenors, it said in a statement.

08 Jun 2018 1:34 PM

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Shobhaa De

Bank of India